China is serious about battery recycling...So I picked up a copy of the new book titled: “Insane Mode, How Elon Musk’s Tesla Sparked an Electric Revolution to End the Age of Oil” and it’s a really good read. I Ordered it on Friday, it was at my door the next day and I’m already more than halfway through. Here’s an excerpt from the book that leads me to believe that American Manganese will reach the promised land of success with a Chinese company before any other....
”The 2011 Chinese National Patent Development Strategy highlighted seven industries to focus on in the coming decade: biotechnology, high-end equipment manufacturing, broadband infrastructure, high-end semi conductors, energy conservation, alternative energy, and clean energy vehicles. In 2017 it added artificial intelligence to the list. New energy vehicles have been the subject of special attention. In its most recent five-year plan, the government set a goal of having 5 million new energy cars on the road by 2020. Accordingly, it promised financial rewards to companies that surpass targets for such things as electric car sales, and battery capacity, and its investing in charging infrastructure while encouraging local government to offer subsidies to reduce charging fees. It has ordered all government departments to own new energy vehicles made in China; and it has offered financial incentives to encourage investment in car rentals, battery recycling, and charging infrastructure operations, among other areas.